The 10 person lab raised $30M from 5Y Capital and IDG at a $200M post money valuation and plans to release its full model in 2027. Tian, a former ByteDance intern and winner of a 2024 NeurIPS best paper award, previously paid 500,000 yuan in damages and returned his ByteDance salary after admitting he shut down another intern's program to free up computing resources.
